re: #470 Locker

Medicare as currently constituted is great, because it’s a free lunch. Doctors and hospitals lose money on every Medicare and Medicaid patient. They make up for it by charging more to privately-insured patients. That’s called a “cross-subsidy”.

Obama’s proposal will end private health insurance, which cannot compete with a government “public” plan. That will put doctors and hospitals out of business. What will Obama do then?